06-21-2021, 01:50 PM
I found the whales and you aren't going to like it
<!-- SC_OFF --><div class="md"><p>I noticed on Friday night that the massive amounts of BTC shorts where being closed. Initially I thought this was profit taking. Then the % change fell to -11%. But BTC wasn't that low. This continued and is continuing with a total of nearly 20,000BTC shorts closed ($700 Million)/ ~66%</p> <p><a href="https://www.viewbase.com/bitfinex_long_short_position">https://www.viewbase.com/bitfinex_long_short_position</a></p> <p>Why would the whales do this; BTC is going down and the shorts are printing money. Then the answer came today</p> <p><strong>They are shorting USDT, yes seriously!</strong></p> <p>On Bitfinex alone nearly $87 million USDT shorts have been opened. With a +125% increase in the last 24hrs. <a href="https://www.viewbase.com/bitfinex_long_short_position/ustusd">https://www.viewbase.com/bitfinex_long_short_position/ustusd</a></p> <p>The are closing BTC shorts and shorting USDT </p> <p>Why? </p> <p>The obvious answer would be they believe USDT is going to rug </p> <p>Any input or ideas are welcome. personally still shorting BCH and DASH today but I'm tempted to short USDT now</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GodlordHerus"> /u/GodlordHerus </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4q575/i_found_the_whales_and_you_arent_going_to_like_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4q575/i_found_the_whales_and_you_arent_going_to_like_it/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I noticed on Friday night that the massive amounts of BTC shorts where being closed. Initially I thought this was profit taking. Then the % change fell to -11%. But BTC wasn't that low. This continued and is continuing with a total of nearly 20,000BTC shorts closed ($700 Million)/ ~66%</p> <p><a href="https://www.viewbase.com/bitfinex_long_short_position">https://www.viewbase.com/bitfinex_long_short_position</a></p> <p>Why would the whales do this; BTC is going down and the shorts are printing money. Then the answer came today</p> <p><strong>They are shorting USDT, yes seriously!</strong></p> <p>On Bitfinex alone nearly $87 million USDT shorts have been opened. With a +125% increase in the last 24hrs. <a href="https://www.viewbase.com/bitfinex_long_short_position/ustusd">https://www.viewbase.com/bitfinex_long_short_position/ustusd</a></p> <p>The are closing BTC shorts and shorting USDT </p> <p>Why? </p> <p>The obvious answer would be they believe USDT is going to rug </p> <p>Any input or ideas are welcome. personally still shorting BCH and DASH today but I'm tempted to short USDT now</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GodlordHerus"> /u/GodlordHerus </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4q575/i_found_the_whales_and_you_arent_going_to_like_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o4q575/i_found_the_whales_and_you_arent_going_to_like_it/">[comments]</a></span>Kind Regards R